China Mobile to make Shanghai listing


Source: chinadaily.com.cn chinadaily.com.cn

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Signs of China Telecom, China Mobile and China Unicom are seen during the China International Import Expo (CIIE) at the National Exhibition and Convention Center in Shanghai, on Nov 5, 2018. [Photo/Agencies] China Mobile, one of the country's leading telecom operators, has approved plans for a listing on the Shanghai Stock Exchange, according to the company's statement at the Hong Kong bourse Monday. It plans to sell no more than 964.8 million shares, or 4.5 percent of its total issued shares. Funds raised will be used on infrastructure construction of 5G networks, cloud resources and digital ecology, as well as...